$7 trillion

What I really like is that Obama (and the rest of the administration, including Treasury) thinks that borrowing money to pay off previous investors is actually "paying our bills".
If we aren't allowed to borrow money, then we can't pay our bills. But the fact that we have to borrow to pay our bills means we can't pay our bills in the first place!

Borrowing money to pay off previous investors is a Ponzi scheme. Treasuries currently are a Ponzi scheme bubble

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